In an interview to CNBC-TV18, N Venkatraman, CFO, Sonata Software confirmed that the compnay was serioulsy looking at acquistion plans and was in the process of evaluating targets for the same.&quot;We are seriously looking at acquisition plans in the geographies of US and Europe, as well as India,&quot; said Venkatraman.The company mostly plans to fund these acquisitions via internal accruals based on healthy cash balances on back of consistent growth seen in the past few quarters, he said.The company also plans to bring down the EBITDA margins to 21-22 percent from the current 25 percent, and sustain the number via growth.He said they would also aim to bring down the dependency on the top ten customers from 75 percent to about 50-60 percent over a period of time.Below is the transcript of N Venkatraman's interview with Sumaira Abidi and Anuj Singhal on CNBC-TV18.Anuj: Religare report says the company plans to double IT services revenues over the next three years and has an option of acquisition to do that. Could you tell us if you have identified any particular company and what is the timeline you are looking at in terms of acquisition?A: As we have been talking about in our conference calls and to investors, we are seriously looking at acquisition plans in the geographies of US and Europe, as well as India. We have got specified areas where we are looking at companies to acquire and right now we are in the process of evaluating targets that are being brought to us by bankers and others. Sumaira: We understand that you have quite a strong cash balance on your books but could you take us through how you plan to fund these acquisitions, what is the thought process on that?A: The way we would fund these is typically through internal accruals and leverage as on the basis required. So, it would essentially be our internal accruals because we have got healthy cash balances and also we get good cash additions every quarter. So, both of them would be put to good use by our board.Anuj: What kind of EPS growth trajectory can your investors expect?A: We don&amp;rsquo;t give any forward looking guidance but all I can say is we have a healthy plan and we are in a place where we have shown consistent growth in the past few quarters and are confident that we will be able to maintain this trend for some time to come.Our EBITA percentage which is currently at 25 percent this quarter, we would like it to stay at 21-22 percent. We would like to sustain that number as we look forward and invest; we balance in growing the business.Sumaira: You have seen healthy addition in terms of new customers, but at what do you think your dependence on your top 10 customers could come down a bit?A: Our current dependency on the top 10 customers is about 75 percent, which is not alarming for a company of our size but there are efforts that our next ten customers contribute to a larger share of our business. So we would like to bring it down as we progress through a healthy growth of the next ten customers to something like 50-60 percent over a period of time.